According to financial analysts' predictions, the upcoming speech by Fed Chairman Powell may have a significant impact on the short-term dollar trend. Jane Foley, a forex strategy expert at Rabobank, recently pointed out in a report that if Powell maintains a cautious stance on the interest rate cut topic during his speech, it may lead investors to quickly adjust their dollar short positions.
Although the market generally expects the Fed to start cutting interest rates in September to address the increasingly weak labor market, Foley believes that Powell's speech at the Jackson Hole central ba
View OriginalAlthough the market generally expects the Fed to start cutting interest rates in September to address the increasingly weak labor market, Foley believes that Powell's speech at the Jackson Hole central ba